-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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They rewarded her for the unlawful Tyranny she inflicted on many. They take care of their own.
From the bottom of the barrel job to BELOW the bottom of the barrel job!
I’m sure she’s excited about the opportunity to shut down an entire country instead of just Chicago. She’ll be working with wet markets and laboratories in Wuhan as soon as she starts the new gig.